FARMINGTON HILLS, Mich. - Source One Mortgage Services Corp. reported net earnings of $19.3 million on revenues of $85.8 million for the six months ended June 30.

This compares to a net loss of $31.9 million on revenues of $86.3 million during the corresponding period of 1994.

The 1995 results include an $18.3 million after-tax gain in the first quarter on the sale of $9.9 billion of mortgage servicing rights.

Source One, with a servicing portfolio of $39.6 billion at yearend 1994, ranked 14th among all servicers of residential loans.

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